You do realise that NTI was already meant to have been paid for 1000 units by now from the Italian deal yes? At 800 euros profit per unit: €800,000.
And then 3,000 units during 2018, and a further 3000 in 2019! You are in fantasy land if you think we are seeing that money come in. So far they've sold 25.
The Italian contract was renegotiated for far far lower unit numbers.
We are burning through $650k - $1m per quarter, with $4m in the bank. That takes us to mid-2018 before we run out of money.
Can you tell me where this funding comes from please if we don't raise capital? Sales will come, but not at a meaningful pace until trials are complete, which comes uncomfortably close to 0 bank balance... and you never wait until you need the money, to go looking for it.
NTI Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
